Current SPX Position: None
Next Action: Go short at 1606.17 or go long at 1626.62
System Score: 4.5=Neutral=Trend Score + Turn Score=5-0.5
Proposed New Score: 42%=Bearish/Neutral=Trend Score + Turn Score=24+18
The Score is neutral. The System will go short at 1606 or long at 1627. I still think the technical signals are fairly mixed with a slightly bearish edge, so I continue to expect a 2-3% sideways range at 1580-1630 up to and probably thru the Friday jobs number with an ultimate break downward to 1530-1550 or lower in the next week or two. However, SPX resides at what appears to be a fulcrum point around 1615-1625. Good fortune.
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